Filing For Chapter 7 Bankruptcy

If you suffer from unmanageable debt and feel like you will never be able to catch up with your bill payments, Chapter 7 bankruptcy might be the solution you're looking for.

With Chapter 7 bankruptcy — also called "straight" or "debt liquidation" bankruptcy — the federal government allows you to wipe out your unsecured debts. Unsecured debts include credit cards, doctor's bills, medical expenses, repossessed cars and foreclosed homes.

After your bankruptcy petition is approved, those debts are completely gone.

With secured debts (a house with a mortgage, a car with an auto loan), you have two choices in Chapter 7 bankruptcy. You can either "reaffirm" those debts, which means you keep making your regular monthly payment. Or, you can surrender the debt, which means you walk away from the house or the car.

More Than 40 Years Of Bankruptcy Experience On Your Side

The Law Office of Rich & Rich has helped thousands of people use Chapter 7 bankruptcy to get out from under the stress of unmanageable debt. With help from our law office, you can file a Chapter 7 bankruptcy and get a fresh financial start.

Attorney Charles Rich has been a bankruptcy lawyer in the Memphis area for more than 40 years. With knowledge borne of decades of experience, he personally guides each client of our office through the entire bankruptcy filing process.

Chapter 7 Or Chapter 13?

Since the bankruptcy laws changed in 2005, people who want to file for Chapter 7 bankruptcy must meet certain income requirements. This is called the "means test" for Chapter 7 bankruptcy.

If you do not meet the income requirements to file for Chapter 7 bankruptcy, Chapter 13 bankruptcy may still be an option.

In a free and confidential consultation at the Law Office of Rich & Rich, we will do the necessary calculations for you — and give you advice about whether Chapter 7 or Chapter 13 bankruptcy is a better option for you.

Contact Our Office Today To Get Help And Guidance

If you are struggling with too much debt and don't know what to do, we encourage you to contact our office for a free and confidential consultation.

We can answer your questions and discuss your options in a comfortable and respectful setting.

To schedule an appointment, call 901-201-6163 or 866-935-6740 or send us an e-mail.

Complete our bankruptcy case evaluation form.